Elon Musk pushing boundaries of CEO compensation packages

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 56 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 63%

Elon Musk News

Delaware Chancery Court,The Wall Street Journal,Pushing The Limits

Tesla CEO Elon Musk (TSLA) is once again pushing for a pay package worth $56 billion, which originally was struck down by the Delaware Chancery Court earlier...

, which originally was struck down by the Delaware Chancery Court earlier this year. Many CEOs are following in Musk's footsteps as, according to the Wall Street Journal, the number of S&P 500 CEOs to receive compensation above $50 million has risen to 36 in a period from 2019 to 2023.That compensation was invalidated by Delaware Judge earlier this year but Musk, not the only company leader pushing compensation packages higher.

If you look at the five year period, that's 2013 to 2017 before Musk's 2018 pay package jumping all the way to 36 in the five years after.And what we're talking about here are companies that have more than 1 billion in annual revenue.Then if you jump to 2023 you see their up 11 point 4% year over year.

And then you see though a much more moderate increase when you take it to the CEO S that are run companies that have revenues above 20 billion a year, that's just 2.4 increase over that time period.Those are for the CEO S at the smaller firms under $50 million per year in revenue. Here’s a very reliable, dividend-paying Canadian bank stock you can buy at a bargain right now and hold for the long term. The post 1 of the Best Dividend-Paying Bank Stocks to Buy Now and Hold Forever appeared first on The Motley Fool Canada.China sold a record $53.3 billion worth of US Treasurys and agency bonds last quarter as it accelerates diversification from dollar assets.Two high-yield monthly income stocks are attractive options for dividend investors, including retirees.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in LAW

Law Law Latest News, Law Law Headlines